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Sinomax Group (HKSE:01418) EBIT : HK$250 Mil (TTM As of Jun. 2024)


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What is Sinomax Group EBIT?

Sinomax Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was HK$116 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was HK$250 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sinomax Group's annualized ROC % for the quarter that ended in Jun. 2024 was 9.42%. Sinomax Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 20.64%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sinomax Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 23.19%.


Sinomax Group EBIT Historical Data

The historical data trend for Sinomax Group's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sinomax Group EBIT Chart

Sinomax Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 108.05 76.81 -3.18 172.40 249.58

Sinomax Group Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.17 49.46 122.94 115.84 133.74

Competitive Comparison of Sinomax Group's EBIT

For the Furnishings, Fixtures & Appliances subindustry, Sinomax Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sinomax Group's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Sinomax Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sinomax Group's EV-to-EBIT falls into.


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Sinomax Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$250 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sinomax Group  (HKSE:01418) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Sinomax Group's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=180.296 * ( 1 - 19.99% )/( (1529.851 + 1532.95)/ 2 )
=144.2548296/1531.4005
=9.42 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2406.144 - 566.37 - ( 309.923 - max(0, 1267.106 - 1606.523+309.923))
=1529.851

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2484.598 - 594.044 - ( 357.604 - max(0, 1307.913 - 1705.292+357.604))
=1532.95

Note: The Operating Income data used here is two times the semi-annual (Jun. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Sinomax Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Jun. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=231.684/( ( (658.536 + max(459.214, 0)) + (659.788 + max(467.549, 0)) )/ 2 )
=231.684/( ( 1117.75 + 1127.337 )/ 2 )
=231.684/1122.5435
=20.64 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(576.983 + 508.747 + 126.079) - (566.37 + 0 + 186.225)
=459.214

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(664.517 + 489.45 + 114.525) - (594.044 + 0 + 206.899)
=467.549

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Sinomax Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=249.58/1076.157
=23.19 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sinomax Group EBIT Related Terms

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Sinomax Group Business Description

Traded in Other Exchanges
N/A
Address
38 Wang Chiu Road, Units 2005-2007, Level 20, Tower 1, MegaBox Enterprise Square Five, Kowloon Bay, Hong Kong, HKG
Sinomax Group Ltd is an investment holding company and is engaged in the manufacturing and marketing of visco-elastic health and wellness products globally. It focuses on the business of manufacture and sale of health and household products including visco-elastic pillows, mattress toppers and mattresses, and polyurethane foam, of which a majority of the revenue is generated from health and household products. Its operating segment consists of the China market, the North American market, Europe and another overseas market, and the majority of the revenue comes from the China market. Its own brands are Sinomax, Dream Serenity, Zeopedic, Homedics and others.
Executives
Lam Chi Fan 2101 Beneficial owner
Li Ching Hau 2202 Interest of your spouse
Chi Fan Holding Limited 2201 Interest of corporation controlled by you
Sinomax Enterprises Limited 2101 Beneficial owner
The James' Family Holding Limited 2201 Interest of corporation controlled by you
Vistra Trust (bvi) Limited 2301 Trustee
Cheung Shui Ying 2307 Founder of a discretionary trust who can infl

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